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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Crescent Energy Acquires Vital

Crescent Energy Company Vital Energy, Inc.
AnnouncedSep 2, 2025
TypeCorporate
LocationPermian Basin
Announced Date
September 02,2025
Effective Date
December 15,2025
Transaction Type
Corporate




Snapshot
Net Acres
Proved Reserves

Location
Region
Permian - Delaware Basin,Permian - Midland Basin

Country
United States

State
Texas

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Production & Reserves
Production

Production Mix

Reserves


Calculated Metrics( EV/Category)

Transaction Details:  Subscribe to see

Assets & inventory

Total net acres: ~267,300 Permian (companywide summary).

By basin (Asset Overview):
Delaware: ~81,200 net acres; ~305 gross locations; avg lateral ~11,600’; completable ft ~3.55MM; breakeven ~$55 WTI; ~65% of FY-25 capital.
Midland: ~186,100 net acres; ~615 gross locations; avg lateral ~13,400’; completable ft ~8.23MM; breakeven ~$52 WTI; ~35% of FY-25 capital.

Inventory depth: ~920 locations (>11 years at current pace), with substantial growth in sub-$50 breakeven footage vs. 2023. 

Designs that extend inventory: Horseshoe (Midland) & J-Hook (Delaware) enabling…




Price History



Date Deal Headline Price$/acre
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank - -
Nov-03-2025 SM Energy, Civitas Strike $12.8B All-Stock Merger - -
Jul-10-2025 Mach Enters Permian Basin, Buys PE_backed Sabinal Assets for $500 Million - -